Agree with you on this but the question needs to be addressed then , what initiatives to shareholders who aren't happy with the current marketing want the company to do?
They increased the detail and frequency of their announcements, and then comments like " too many announcements" were the result.
I don't have the answers to the " marketing" which is why I suggested unhappy shareholders detail what they would like the company to do in terms of marketing.
@TheProfessional called for questions to be put to DP on the r e d d i t forum but the response was underwhelming to say the least.
In regards to BRK being unique for Aussie investors I agree 1000% but the problem here is investor education . Having " studied' BRK over the last 4 years unless DP puts up 100 page presentation or 12 videos detailing the nuances of the BRK business model, OCC , drilling techniques, PE model explanation etc, and investors take the time to read , watch then I can't see what else will inform holders.... and lack of understanding is the key IMO as the significance of many announcements goes unnoticed by the market
Case in point.. when BRK announced the 320 acre DSU extension to Rangers, there was barely a ripple which indicates the market had no idea of the implications. For some it mean's an increase in reserves of ~3million BOE or ~1.5 MMBOE NET to BRK reserves in oil and raw gas( after paying royalties, BM back in and excluding extracted NGL reserves).. these reserves will be the cheapest additions to the company asset base as to access these reserves all that it means is the wells to be drilled in the original Rangers DSU just need to be extended in the lateral section. So the wells will increase their reserves by 50% but only increase in cost by 15-20%
DP has made some videos already which have been posted here and on the BRK twitter feed which explain some concepts very well. he may need to do many more, but will shareholders actually watch them? Will holders read a 100 page document ?
IMO, much of the BRK dilemma is the complexity of the model, but additionally much of the problem lays in the fact that most holders want short, sharp points of information, and unfortunately in the case of BRK, you can't get the whole story this way.
So we are back to operational results I think.
Cheers
Dan
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